Algeria: 2010 Article IV Consultation-Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Algeria
Electronic Access:
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Summary:
Despite the effects of the international crisis, real nonhydrocarbon GDP (NHGDP) growth in 2009 exceeded the average of 6 percent. Algeria’s good economic performance supported by the authorities’ prudent fiscal and monetary policies and the favorable external environment are welcomed. The authorities’ policy to maintain the real effective exchange rate close to equilibrium, which is consistent with external stability, is encouraged. Containing government spending would contribute to reducing pressures for real exchange appreciation and potential Dutch disease effects.
Series:
Country Report No. 2011/039
Subject:
Credit Current spending Expenditure Financial institutions Money Oil prices Prices State-owned banks
Notes:
English
Publication Date:
February 3, 2011
ISBN/ISSN:
9781455216581/1934-7685
Stock No:
1DZAEA2011001
Pages:
41
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